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Principal Financial Posts
Slight Increase in Profit

A Wall Street Journal Online NEWS ROUNDUP

Updated Aug. 7, 2002 10:56 a.m. ET

DES MOINES, Iowa -- Principal Financial Group Inc.'s net income climbed 0.9% for the second quarter as the financial-services company benefited from strength in its pension business. The company also said it will begin treating stock options as an expense.

The asset management and insurance concern Wednesday reported net income of $120.2 million, or 34 cents a share, compared with $119.1 million, or 33 cents a share, a year...